Can I get pre-qualified for a mortgage loan without a pull of my credit?

Home Forums Mortgage Loan Can I get pre-qualified for a mortgage loan without a pull of my credit?

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  • #20374

    admin
    Participant

    I had been pre-qualified (or pre-approved, they never told me which) back in May 2008. I had a letter which stated I was pre-approved for a mortgage loan, and I started looking for a home.
    The letter expired in September, and before it did, I called the lender to get it extended. They said I would have to re-apply.
    I don’t want to get either a prequal or pre-approval done again if they’re going to pull my credit and lower my score again. If I find a home within a few months, then I expect to have my credit pulled once more when I actually apply for the loan.
    Are there any lenders that pre-qualify without pulling credit?
    Thanks.

    #106207

    admin
    Keymaster

    No. You can get pre-approved without a credit score, but that’s less accurate than a pre-qualification since it’s based solely on what you tell the lender rather than your actual financial data.

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